Hudson Reporter Archive

Is Hoboken’s hospital offered for sale at $90 million? Or are signals getting crossed?

HOBOKEN, BAYONNE AND BEYOND — The rumor mill has been buzzing over the last few days about a strange ad that’s up on the internet. It seems to offer a hospital building for a “long term” sale and leaseback to the original owners, for $90 million.
The offer is
HERE.

The strange part? Some of the information pertains to Bayonne Medical Center, where — it was revealed here last week — the building was quietly sold to an Alabama-based investor who will lease it back. But there is also information describing Hoboken University Medical Center, which the city is in the process of negotiating to sell to some of the co-owners of the Bayonne hospital.
For instance, the ad states, “This hospital is the oldest continuing hospital in New Jersey, founded in 1863.”
The information could simply be referring to the fact that the owners of BMC are using a future asset (Hoboken’s hospital) to guarnatee their financial stability, but the on-line ad is nebulous.
Watch this space for more information as it becomes available.

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